Waverly Advisors LLC Has $3.84 Million Position in KKR & Co. Inc. (NYSE:KKR)

Waverly Advisors LLC increased its stake in KKR & Co. Inc. (NYSE:KKR) by 21.8% in the 4th quarter, Holdings Channel reports. The firm owned 25,945 shares of the asset manager’s stock after purchasing an additional 4,647 shares during the period. Waverly Advisors LLC’s holdings in KKR & Co. Inc. were worth $3,838,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of KKR. Farmers & Merchants Investments Inc. grew its stake in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after acquiring an additional 65 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in KKR & Co. Inc. by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after purchasing an additional 69 shares during the last quarter. Ballentine Partners LLC grew its position in KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after purchasing an additional 70 shares during the last quarter. Parkside Financial Bank & Trust grew its position in KKR & Co. Inc. by 5.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock worth $191,000 after purchasing an additional 70 shares during the last quarter. Finally, Calamos Wealth Management LLC grew its position in KKR & Co. Inc. by 2.0% in the 4th quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock worth $580,000 after purchasing an additional 78 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $117.77 on Thursday. The business’s fifty day moving average price is $112.83 and its two-hundred day moving average price is $135.34. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The stock has a market capitalization of $104.89 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The business’s revenue was down 67.8% compared to the same quarter last year. As a group, analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a $0.185 dividend. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.’s dividend payout ratio is 31.22%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and cut their target price for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. JMP Securities cut their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Finally, Barclays upped their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $149.14.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Scully bought 13,250 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the acquisition, the director now directly owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.